Simple Interest Practice

Last updated over 1 year ago

9 questions

Simple Interest Practice

Last updated over 1 year ago

9 questions

Use the 

Question 1

Change 2% to a decimal

0.02

0.2

2

.002

Question 2

Write 27% as a decimal

2.7

27.00

0.027

0.27

Question 3

Change 0.01% to a decimal

1.0

0.10

0.001

0.0001

Question 4

Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.

What is the balance after 6 months?

37.63

1787.625

3.76

178.76

Question 5

Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.

How much will they have in savings after 3 years?

384.75

4884.75

128.45

4628.25

Question 6

Determine the rate if a bank account's prinicpal value was $100 and after 5 years the account made $40 in interest

R=8

R=80

R=.8

R=.08

Question 7

Suppose a bank account with an initial value of $60 with a 3% simple interest rate made $9 in interest. How much time went by?

2 years

3 years

5 years

9 years

Question 8

How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%?

$51.56

$5.15

$56.51

$5.61

Question 9

How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?

*Remember, there are 365 days in a year

$71.00

$7.02

$3.78

$31.72

Use the 

Question 1

Change 2% to a decimal

0.02

0.2

2

.002

Question 2

Write 27% as a decimal

2.7

27.00

0.027

0.27

Question 3

Change 0.01% to a decimal

1.0

0.10

0.001

0.0001

Question 4

Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.

What is the balance after 6 months?

37.63

1787.625

3.76

178.76

Question 5

Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.

How much will they have in savings after 3 years?

384.75

4884.75

128.45

4628.25

Question 6

Determine the rate if a bank account's prinicpal value was $100 and after 5 years the account made $40 in interest

R=8

R=80

R=.8

R=.08

Question 7

Suppose a bank account with an initial value of $60 with a 3% simple interest rate made $9 in interest. How much time went by?

2 years

3 years

5 years

9 years

Question 8

How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%?

$51.56

$5.15

$56.51

$5.61

Question 9

How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?

*Remember, there are 365 days in a year

$71.00

$7.02

$3.78

$31.72

Simple Interest Practice

Simple Interest Practice

Change 2% to a decimal

Write 27% as a decimal

Change 0.01% to a decimal

Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.What is the balance after 6 months?

Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.How much will they have in savings after 3 years?

Determine the rate if a bank account's prinicpal value was $100 and after 5 years the account made $40 in interest

Suppose a bank account with an initial value of $60 with a 3% simple interest rate made $9 in interest. How much time went by?

How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%?

How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?*Remember, there are 365 days in a year

Change 2% to a decimal

Write 27% as a decimal

Change 0.01% to a decimal

Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.What is the balance after 6 months?

Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.How much will they have in savings after 3 years?

Determine the rate if a bank account's prinicpal value was $100 and after 5 years the account made $40 in interest

Suppose a bank account with an initial value of $60 with a 3% simple interest rate made $9 in interest. How much time went by?

How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%?

How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?*Remember, there are 365 days in a year

Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.

What is the balance after 6 months?

Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.

How much will they have in savings after 3 years?

How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?

*Remember, there are 365 days in a year

Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest.

What is the balance after 6 months?

Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85%.

How much will they have in savings after 3 years?

How much simple interest would $1,000 earn in 275 days at an interest rate of 4.21%?

*Remember, there are 365 days in a year